SynapseTrading

NZD/CAD (Weekly Chart) - Nearing Top of Range

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
This pair is nearing the top of the large range, meaning the odds for a short trade are becoming better.

The biggest question is where the bears will start stepping in.

Currently, the momentum is still bullish, so I will continue to monitor for signs of red bars forming to signify the sellers coming in.

It could happen at the current levels, or near the 0.96079 level.


Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8

FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.